*socaltech.com <http://socaltech.com> TechNews - Wednesday, February 27, 2019* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
*Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). ------------------------------ *Headlines * - Interview with Lior Elazary, inVia Robotics <#m_-1625162192951596710_0077467> - Axial Biotherapeutics Finds $25M For Parkinson's, Autism Treatments <#m_-1625162192951596710_0077469> - Forge Technologies Buys ShiftMe, Moves To LA <#m_-1625162192951596710_0077468> - Medsphere Acquires Wellsoft <#m_-1625162192951596710_0077470> - SleepScore Launches App For Shift Into Daylight Savings Time <#m_-1625162192951596710_0077471> - Report: Faraday Future Puts Off Restarting Furloughed Employees <#m_-1625162192951596710_0077466> - Phyn Ties With Insurer For Smart Water Assistant <#m_-1625162192951596710_0077465> - Super League Gaming Sees IPO, But Drops In Debut <#m_-1625162192951596710_0077464> - Tinder Rolls Out Spring Break Mode <#m_-1625162192951596710_0077462> - Amazon's Alexa Deployed Across Patient Rooms At Cedars-Sinai <#m_-1625162192951596710_0077458> *Marketplace* - BDO - Southern California Technology Industry Team <#m_-1625162192951596710_ad737> - Square 1 Bank <#m_-1625162192951596710_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_-1625162192951596710_ad694> - Stradling <#m_-1625162192951596710_ad608> *Wednesday, February 27, 2019* *Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <https://collective-genius.com/>* If you wanted to reach the peak of Mount Everest, you wouldn’t just gather a few friends, buy some supplies, and start hiking. Similar to building a growth company, you wouldn’t just hire a few people, build some products, and win a market. Peak is a facilitated annual/quarterly leadership team OKR planning session for emerging growth companies and venture capital firms. It's a one day leadership team session to create company focus and clarity around a three year vision, one year plan, and quarterly priorities. With the vision and plan set, Peak provides leadership tools and systems to keep the team on track. To learn more and schedule a 45 minute walk through meeting contact us at p...@collective-genius.com or by phone 424.259.3036. Collective Genius - Planning and Recruiting for Emerging Growth Companies and Venture Capital Firms. www.collective-genius.com. *Interview with Lior Elazary, inVia Robotics* <http://www.socaltech.com/fullstory/0077467.html> For our interview this morning, we sat down with Lior Elazary, the CEO of Westlake Village-based inVia Robotics (www.inviarobotics.com), which develops robots being used to automate the labor intensive, exhausting work of retrieving items from warehouses for e-commerce. inVia recently raised $20M in funding from such investors as Point72 Ventures, Upfront Ventures and Embark Ventures. (More... <http://www.socaltech.com/fullstory/0077467.html>) *Axial Biotherapeutics Finds $25M For Parkinson's, Autism Treatments* <http://www.socaltech.com/fullstory/0077469.html> Pasadena-based Axial Biotherapeutics, a biotechnology company which is focused on developing treatments for Parkinson's disease and Autism Spectrum Disorder, has raised $25M in its Series B funding round, the company announced this morning. The funding was led by new investor Seventure Partners, via its Health For Life Capital fund, and also included prior investors Longwood Fund, Domain Associates, Heritage Medical Systems and a group of high net worth individuals based in Southern California. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=95977>)( More... <http://www.socaltech.com/fullstory/0077469.html>) *Forge Technologies Buys ShiftMe, Moves To LA* <http://www.socaltech.com/fullstory/0077468.html> Forge Technologies, a developer of software used for managing hourly employees, said this morning that it has acquired Los Angeles-based ShiftMe, a developer of "shift-swapping" apps. As part of the acquisition, Forge Technologies said it is moving its headquarters to Los Angeles. Financial terms of the acquisition wer enot announced. (More... <http://www.socaltech.com/fullstory/0077468.html>) *Medsphere Acquires Wellsoft* <http://www.socaltech.com/fullstory/0077470.html> Carlsbad-based Medsphere Systems Corporation, which develops healthcare information technology software and services, announced this morning that it has acquired Wellsoft Corporation, a developer of emergency room information systems (More... <http://www.socaltech.com/fullstory/0077470.html>) *SleepScore Launches App For Shift Into Daylight Savings Time* <http://www.socaltech.com/fullstory/0077471.html> Carslbad-based SleepScore Labs, a developer of an app aimed at helping people improve their sleep, said it has launched a new program specifically aimed at helping people shift into Daylight Savings Time, which is March 10th. According to the company, it has launched a four-day, in-app program specifically aimed at helping people adjust to the time shift. The program is free to users of its app. (More... <http://www.socaltech.com/fullstory/0077471.html>) *Report: Faraday Future Puts Off Restarting Furloughed Employees* <http://www.socaltech.com/fullstory/0077466.html> A report, published on Tuesday, says that troubled electric car maker Faraday Future has put off restarting its operations and having furloughed employees return to work, although it's unclear what the holdup might be for the company. The report, from the Verge, cited internal emails obtained saying that employees would not be able to return to work on March 1st, as planned. Faraday Future had been locked in an extended battle with its largest investor, Evegrande Health, last year. (More... <http://www.socaltech.com/fullstory/0077466.html>) *Phyn Ties With Insurer For Smart Water Assistant* <http://www.socaltech.com/fullstory/0077465.html> Los Angeles-based Phyn, which develops "smart home" technology to both monitor water usage and also help prevent major water damage, has inked a deal with an insurance company to offer up its technology to consumers. According to Phyn, it has linked with property and casualty insurer PURE Insurance, to offer up its Phyn Plus product as a discount to the insurance company's members. Size of the discount being provided to users was not announced. (More... <http://www.socaltech.com/fullstory/0077465.html>) *Super League Gaming Sees IPO, But Drops In Debut* <http://www.socaltech.com/fullstory/0077464.html> Santa Monica-based Super League Gaming had its IPO on Tuesday, debuting at $11.00 in its initial trading, but fell more than 22 percent during the day to close down at $8.50 per share. The company now (More... <http://www.socaltech.com/fullstory/0077464.html>) *Tinder Rolls Out Spring Break Mode* <http://www.socaltech.com/fullstory/0077462.html> Looking for a Spring Break "fling"? Los Angeles-based dating app developer Tinder said on Tuesday that it has rolled out a new "Spring Break" mode, which lets its users specifically find matches when they are headed out on Spring Break. The new feature matches people based on their Spring Break destinations, so they can find potential matches even before they arrive at their destination. (More... <http://www.socaltech.com/fullstory/0077462.html>) *Amazon's Alexa Deployed Across Patient Rooms At Cedars-Sinai* <http://www.socaltech.com/fullstory/0077458.html> In what looks like the first, large scale deployment of voice-driven, personal assistants across a healthcare setting, Los Angeles-based healthcare provider Cedars-Sinai said on Monday that it has deployed Amazon's Alexa voice assistant across more than 100 patient rooms at the hospital. (More... <http://www.socaltech.com/fullstory/0077458.html>) *BDO - Southern California Technology Industry Team <http://www.bdo.com>* BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at lat...@bdo.com. http://www.bdo.com *Square 1 Bank <http://www.square1bank.com>* Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com, or send an email to rchurch...@square1bank.com. *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law (<a href="http://www.sycr.com";>http://www.sycr.com) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. ------------------------------ *Recent Funding <#m_-1625162192951596710_funding>* 2/27/19 Axial Biotherapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=95977> Boston $25.00 M 2/25/19 Dray Alliance <http://www.socaltech.com/intelligence/?action=showdeal&id=95860> Lakewood $3.50 M 2/22/19 The Action Network <http://www.socaltech.com/intelligence/?action=showdeal&id=95811> Playa Vista $17.50 M 2/20/19 CLUTTER INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=84706> Culver City $200.00 M 2/20/19 Brainbase <http://www.socaltech.com/intelligence/?action=showdeal&id=95749> Los Angeles $1.00 M 2/19/19 Sabrewing Aircraft Company <http://www.socaltech.com/intelligence/?action=showdeal&id=95596> Camarillo $2.00 M 2/14/19 Skylar Body <http://www.socaltech.com/intelligence/?action=showdeal&id=95592> Venice $8.00 M 2/07/19 Power Digital Marketing <http://www.socaltech.com/intelligence/?action=showdeal&id=95480> San Diego $0.00 M 2/07/19 GOAT <http://www.socaltech.com/intelligence/?action=showdeal&id=95481> Los Angeles $100.00 M 2/05/19 Signal Sciences <http://www.socaltech.com/intelligence/?action=showdeal&id=95354> Venice $35.00 M 1/31/19 Avinew <http://www.socaltech.com/intelligence/?action=showdeal&id=95304> Westlake Villlage $5.00 M 1/30/19 Acorns <http://www.socaltech.com/intelligence/?action=showdeal&id=95302> Irvine $105.00 M 1/30/19 FabFitFun, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=95301> Beverly Hills $80.00 M 1/25/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=95160> San Diego $2.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 27, Camarillo -- *Building a Bigger Competitive Future* Building a Bigger Competitive Future. Russell Fischer Business Collection - Camarillo Public Library. Brand strategist Derrick Daye shares the requirements of building a bigger competitive future for brands in an over-communicated, over-competitive and uncertain marketplace. Attendees will learn what is needed to compete and win, how to identify and grow their advantage and how to move their brand from easy to compare to beyond compare. Brands in all stages of development will benefit and each attendee will leave with actionable insights and a higher degree of optimism about their competitive future in an Age of Disruption. See http://www.socaltech.com/calendar/eventid/26361 March 6, Camarillo -- *Startups Ventura County: How to Pitch to Investors* *NEW* . See http://www.socaltech.com/calendar/eventid/26364 March 6, Westlake Village -- *ACG101 Food Manufacturers and Distributors* ACG101 Food Manufacturers and Distributors. California's agriculture is the most productive and varied in the U.S., owing to the climate, topography, complex systems of water delivery and diverse population of growers in our state. This year, the ACG 101 annual Food & Ag program takes a look at a different aspect of this fertile industry: Manufacturing and Distribution. See http://www.socaltech.com/calendar/eventid/26354 March 7, Los Angeles -- *Global LAVA: Investing in Israeli Start-Ups* Global LAVA: Investing in Israeli Start-Ups. Panelists: Liron Brish - CEO of Farm Dog; Liat Sade-Sternberg - CEO of fuse.it; Guy Katsovich, co-founder of Fusion LA. See http://www.socaltech.com/calendar/eventid/26357 March 21, Irvine -- *TCVN's 2019 Investor Speed Dating* TCVN Speed Dating. Your palms are sweaty. Your legs are shaking. You can’t get the words out of your mouth fast enough. Finally, everything starts to flow. You’re in the zone. Then suddenly, without notice, the buzzer rings and you have to move on. This is not the typical speed-dating scenario. This is how you will feel as an entrepreneur who will soon make investor pitches at the 2019 Speed Dating with Investors event March 21, 2019. Why the anxiety? The presentations will be made one-on-one to many potential investors including members of Tech Coast Angels and you’ve only got few short minutes to pitch, Q&A and listen to seasoned advice and recommendation. That’s not a lot of time. Fortunately, TCVN and the Speed Dating with Investors event is designed to introduce entrepreneurs and startup companies to the world of angel investing. This is not a sales event. Our focus is education, networking and the potential opportunity to connect entrepreneurs with investors. In addition to the TCVN team, investors will be present to speak to participants about their needs. Spots are limited. Acceptance will be on a first come first serve basis, so entrepreneurs, sign up early. See http://www.socaltech.com/calendar/eventid/26332 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Email b...@socaltech.com for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at customerserv...@socaltech.com ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
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